Agriterra advised the market on Monday that, further to its announcements of 5 October 2016 and 6 January 2017, the proposed management buyout transaction of the company's Sierra Leone cocoa assets - held through equity interests in Baranca Tide Limited and West Africa Cocoa Services Limited - will not be completed as anticipated. The AIM-traded firm said as a result,the management buyout team has failed to secure the finance required to complete the transaction, and the ownership of the target companies was reverting to the Agriterra.